Moncler SpA
MONC: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€63.40 | Vstglq | Hhqdgzwxgg |
Moncler Reports Strong 2021 Revenue and Profits Boosted by the Americas and Asia; Shares Expensive
We expect to increase our fair value estimate for narrow-moat Moncler by a high-single-digit percentage, as the company reported strong full-year results, above our expectations. At 30 times consensus forward earnings, shares remain expensive in our view.